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14 Mar 2019, Gergana Bencheva, EMIS Editor

Asia’s outbound real estate investments slip 36% y/y in 2018

Asia’s outbound real estate investment dropped by 36% on an annual basis to USD 53.8 billion for 2018, Shanghai Daily reported referring to data revealed by international property consultancy CBRE.

The decline was mainly attributed to a sell-off by Chinese mainland investors as their fundings went down to USD 7.5 billion last year from USD 35.4 billion in 2017. According to CBRE analysts, the slowdown was not unexpected and it created opportunities for new strategic investors to boost offshore investment.

In 2018, the Europe, Middle East and Africa (EMEA) region was the leading destination for Asian outbound capital as it attracted USD 21.5 billion. Investors from Malaysia and India became more visible and Singaporean and South Korean investors managed to boost their positions in the field, Shanghai Daily noted.

Sign in and read the full article in emis.com, and find out more about EMIS. Original source: Shanghai Daily